Asia: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in Asia

The Asian orthopedic artificial joints market expanded rapidly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Orthopedic Artificial Joints Production in Asia

In value terms, orthopedic artificial joints production expanded sharply to $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Orthopedic Artificial Joints Exports

Exports in Asia

In 2022, overseas shipments of artificial joints for orthopedic purposes were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, orthopedic artificial joints exports skyrocketed to $X in 2022. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Singapore (X units), distantly followed by China (X units), Taiwan (Chinese) (X units), India (X units) and Turkey (X units) were the key exporters of artificial joints for orthopedic purposes, together generating X% of total exports. The following exporters - South Korea (X units), the United Arab Emirates (X units) and Cyprus (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Singapore (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest orthopedic artificial joints supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price saw a strong expansion. The growth pace was the most rapid in 2020 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Orthopedic Artificial Joints Imports

Imports in Asia

In 2022, the amount of artificial joints for orthopedic purposes imported in Asia reached X units, with an increase of X% on 2021. In general, imports saw a pronounced increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, orthopedic artificial joints imports declined slightly to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2019; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Japan (X units), distantly followed by India (X units), South Korea (X units), China (X units), Iran (X units), Singapore (X units), Turkey (X units) and Malaysia (X units) were the key importers of artificial joints for orthopedic purposes, together committing X% of total imports. Taiwan (Chinese) (X units), Thailand (X units), Vietnam (X units) and Indonesia (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Indonesia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and India ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Singapore, South Korea, Iran, Taiwan (Chinese), Turkey, Vietnam, Thailand, Malaysia and Indonesia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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